Rapier Street, Ipswich, Suffolk, IP2

Two parcels of land adjacent to one and other with development potential situated to the south side of the town

Offered for sale is this parcel of land at Rapier Street, Ipswich (part of a larger piece of land with title no SK240360) and the parcel of land title no SK279246 situated at the end of Cowell Street and abutting the land at the end of Rapier Street, which can be accessed from Harland Street.

The land at Rapier Street is in two sections. The first part comprises of four in-line car spaces which is shown on the image shaded blue. The second is further car spaces - also shaded blue in the image.

The land for sale also comprises of a small want in the rear garden of No 1 Harland Street which can be used as a pedestrian access to the parcel of land titled 279246.

The parcel of land, found on the titled 279246 is at a lower level to the land on Rapier Street and is currently overgrown with vegetation.

The land can be accessed by pedestrians, steps to be provided by any purchaser. A vehicular access can be created by any potential purchaser via the existing access road situated between no 6 and no 11 Harland Street. The wooden fence accessed via Harland Street is owned by our client and included within the sale.

Currently the nine parking spaces are used by local residents and our client does not charge for their use. However any potential purchaser may wish to consider formally leasing the spaces to generate an income in an area where parking is considered at a premium.

Potential development value. The land is being sold without planning consent and no previous applications have been submitted.

A feasibility study prepared by local architects Barefoot Gilles shows that at least 8 flats can be constructed on the land with parking. A design and access statement is available for inspection to any potential purchaser.

No undertakings are given in respect of the feasibility study

Directions

Please use a Sat Nav with the postcode IP2 8JS and upon turning into Rapier Street proceed to the end of the road where the main area of land can be found directly in front of you, it is currently utilised as car parking. Prior to reaching this piece of land there the remaining four car spaces are found on the left hand side. Access to the further area of land can be reached between the two sets of terraces house on Harland Street on the left hand side.

Important Information

Auctioneers notes
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc. VAT. These services are optional.